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As a result, prices accumulated a 2.8% increase in the year, while in twelve months the advance reached 3.0%. Tomatoes were up 10%.
Surprise once again caused the rise in the Consumer Price Index (CPI) in October, according to the National Institute of Statistics (INE) it was a variation of 0.7% percentage points, being much higher than the market consensus expected and the 0.3% projected by the Bloomberg survey.
Also, this is the biggest monthly increase since October of last year.
With this, the prices accumulated an increase of 2.8% in the year, while in twelve months the advance reached 3.0%, a level that had not been reached since April and that implies returning to the Central Bank’s goal, whose tolerance range is between 2% and 4%.
Food and non-alcoholic beverages along with clothing and footwear were once again the divisions that pressed the most upward of the eight that registered an increase in their prices. The first did 0.6%, while the second 3.6%.
Among foods, meats and vegetables, legumes and tubers were the ones that most influenced the rise in prices, in which the 10% increase in tomato stands out.
In clothing and footwear, the highest growth rates, which the report mentions, are men’s long and short pants (8.8%) together with sneakers (4.2%), also for men.
On the contrary, the bulletin highlights the decline in health prices, which fell 0.1%, of the three divisions that showed decreases in the tenth month of the year. The most important, according to the INE, was the fall in pharmaceutical products of 0.4% and in dental services of 0.1%.
By products, financial spending stands out from what happened in October with a 69.4% increase in prices. With this, it accumulates an increase of 4% in the year, while in twelve months it is 3.9%.
It is followed by common spending with a rise of 3.6%, accumulating a fall of 1.7% in these ten months. Compared with the same period of the previous year, this decrease is 4.6%.
Then new car and rental are added, with monthly increases of 3.6% and 0.8%, respectively.
The report highlights the drop in interurban bus transport service, which was 12.3%.
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